Form 4: Regal Rexnord Corp Executive VP Valentyn Reports Stock Transactions
SEC Form 4 Filing
Thomas E. Valentyn, Executive Vice President, General Counsel & Secretary of Regal Rexnord Corp, reports acquisition and disposal of common stock and stock appreciation rights on February 27, 2024.
Summary
- On February 27, 2024, Thomas E. Valentyn, an Executive Vice President, General Counsel & Secretary at Regal Rexnord Corp, engaged in multiple transactions involving the company's stock.
- Valentyn acquired 5,775 shares of common stock through the exercise of stock appreciation rights at a price of $133.77.
- He disposed of 5,128 shares to cover tax obligations at a price of $169.12.
- Additionally, he sold 647 shares at a weighted average price of $169.7, with prices ranging from $169.67 to $170.22.
- Following these transactions, Valentyn directly owns 28,412.006 shares of Regal Rexnord Corp.
- He also holds stock appreciation rights for various amounts of common stock at different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Executive compensation packages often include stock options and stock appreciation rights to align management's interests with those of shareholders.
- The vesting schedules for the SARs (34%, 67%, 100% over three years, or 40%, 60%, 80%, 100% over five years) are typical for equity incentive plans.
- The sale of shares to cover tax obligations arising from the exercise of stock options or SARs is a common practice among executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may view insider transactions as a signal of management's confidence (or lack thereof) in the company, but this particular filing appears to be routine.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | Date of grant for stock appreciation rights that vest over three years. |
| 05/08/2021 | Date of grant for stock appreciation rights that vest over five years. |
| 02/23/2023 | Date of grant for stock appreciation rights that vest over three years. |
| 02/23/2024 | Date of grant for stock appreciation rights that vest over three years. |
| 02/27/2024 | Date of stock transactions: exercise of SARs, disposal for taxes, and sale of shares. |
| 02/29/2024 | Date of Form 4 filing. |
| 05/08/2029 | Expiration date for stock appreciation rights granted on 05/08/2021. |
| 02/23/2031 | Expiration date for stock appreciation rights granted on 02/23/2022. |
| 02/23/2032 | Expiration date for stock appreciation rights granted on 02/23/2023. |
| 02/23/2033 | Expiration date for stock appreciation rights granted on 02/23/2024. |
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